Get Financially Fit! | Reduce Spending

WESTconsin Credit Union partners with Accel Members Financial Counseling to provide members with access to financial education and counseling services. These services are free of charge to all WESTconsin members. Accel, a financial counseling program, has been helping individuals for more than 40 years. Accel offers a variety of resources and tools such as the "How Americans Overspend" infographic below.

The first rule of personal finance is to spend less than you earn.  Pretty simple, right?  Unfortunately, this basic rule can be difficult to follow.  It takes discipline.  Here are some tips to help you reduce spending.  Day after day, these small savings can add up to big savings.

Get Financially Fit! with WESTconsin Returns Tomorrow!

The New Year is a time to set new goals and how you plan to achieve them. Many choose the goal to weight loss or some other health-related goal. These are great goals, but don't forget your financial health! Get Financially Fit! with WESTconsin will return tomorrow, January 1, 2016. Keep an eye on our social media and follow #WESTconsinFinanciallyFit for financial tips and tricks of all sorts. Here's to a healthy and prosperous 2016!

5 Financial Conversations You Should Have With Your Kid

Cheryl Lock

Posted on Jan 10, 2013

 

When it comes to advice on how to teach your kids about money, it’s hard to sort through the not-so-great stuff to get to the “oh, that’s helpful!” parts.

It’s unfortunate because experts say that it’s important to broach the subject of money with kids at a young age, but studies show that parents are more comfortable discussing bullying, drugs and smoking than family finances or investing.

“There’s no way to expect a child at any age to understand money unless you talk about it,” says Neale Godfrey, author of “Money Doesn’t Grow on Trees: A Parent’s Guide to Raising Financially Responsible Children.”

So what should you talk about? Godfrey walks us through what she thinks are the five most important financial conversations to have with your kid.